MomentFeed Closes $16.3M in Funding Round Led by Level Equity

SANTA MONICA, CA--(Marketwired - Feb 23, 2017) -  MomentFeed, the leader in mobile customer experience management for multi-location brands, today announced it has closed $16.3 million in another round of funding, led by Level Equity with participation from existing investors -- Signia Venture Partners, Draper Nexus and DFJ Frontier.

This new round of funding will support the expansion of MomentFeed's talented team of software engineers and enable the company to add new products, features and services requested by the company's enterprise clients. It will also be used to bolster operations and add additional sales executives to focus on new clients and grow the company's network of advertising, marketing, SEO and social media agency partners.

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NOTEWORTH JOINS THE CEDARS-SINAI ACCELERATOR, POWERED BY TECHSTARS

We’re thrilled to announce that Noteworth has joined the Winter 2017 cohort of the Cedars-Sinai Accelerator, powered by Techstars.

Cedars-Sinai is the largest nonprofit academic medical center in the western United States, and we couldn’t be more excited to spend the next three months working with leading healthcare professionals, executives, entrepreneurs and investors to find new ways to close the data gap in healthcare.

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Seismic Games acquires Grue Games as it expands into AR and VR gaming

Seismic Games has acquired Los Angeles game developer Grue Games as a way to expand into augmented reality and virtual reality games.

Virtual reality software could grow to a $14 billion market by 2020, according to market researcher SuperData Research, but the market is going to bumpy and filled with competition. Seismic is addressing that by amassing more talent.

All told, both Los Angeles-based companies will have a total of 50 employees. Grue’s CEO and former studio head of Beachhead (Activision Blizzard), John Linden, will take on the new role of president. Trey Watkins, Grue’s chief creative officer, will lead the former Grue development teams. They will work closely alongside Seismic’s cofounders Greg Borrud and Eric Gewirtz.

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THE ERA OF SPATIAL COMPUTING BEGINS TODAY

We've reached a pivotal moment in human computer interaction. A time when software and applications will start to exit our screens and instead enter and interact with the physical world around us. Today our portfolio comany, Occipital, is launching Bridge, a Spatial Computing device that brings the long-awaited future of mobile mixed reality and positionally tracked virtual reality to developers now. 

Prolacta Bioscience Raises $35 Million in Mezzanine Financing

CITY OF INDUSTRY, CA--(Marketwired - Dec 6, 2016) - Prolacta Bioscience®, the nation's leading provider of human milk-based neonatal nutritional products, today announced the closing of a $35 million mezzanine round of financing. The transaction was led by Essex Woodlands and included participation from Aisling Capital, with existing shareholder Health Evolution Partners. As part of the transaction, Martin Sutter, Co-Founder and Managing Director at Essex Woodlands, will join Prolacta's Board of Directors.

"Prolacta is an extraordinary company, and I'm delighted to be involved with their innovation and commitment to giving premature infants the very best opportunity to survive and thrive," said Sutter. "The entire team at Essex Woodlands is excited by the role our Fund played in anchoring the mezzanine placement. Prolacta is a robust opportunity where the commercial franchise, while already substantially profitable, is in the early stages of its growth trajectory, and the biologics program offers a true opportunity to Advance the Science of Human Milk®."

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